Unusual Machines, Inc. (NYSEAMERICAN:UMAC) Short Interest Up 237.5% in October

Unusual Machines, Inc. (NYSEAMERICAN:UMAC) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totalling 10,800 shares, an increase of 237.5% from the September 30th total of 3,200 shares. Based on an average daily volume of 97,700 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.3% of the company’s stock are sold short.

Unusual Machines Trading Up 3.9 %

Shares of UMAC stock traded up $0.06 during mid-day trading on Friday, reaching $1.61. 36,430 shares of the company were exchanged, compared to its average volume of 120,017. The company has a debt-to-equity ratio of 0.20, a current ratio of 5.50 and a quick ratio of 2.58. Unusual Machines has a fifty-two week low of $0.98 and a fifty-two week high of $5.54.

Unusual Machines (NYSEAMERICAN:UMAC) last posted its quarterly earnings data on Wednesday, August 14th. The company reported ($0.16) EPS for the quarter. The business had revenue of $1.41 million for the quarter.

Hedge Funds Weigh In On Unusual Machines

A hedge fund recently bought a new stake in Unusual Machines stock. Rathbones Group PLC acquired a new position in Unusual Machines, Inc. (NYSEAMERICAN:UMAC) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 42,000 shares of the company’s stock, valued at approximately $55,000. Rathbones Group PLC owned 0.45% of Unusual Machines at the end of the most recent reporting period.

About Unusual Machines

Unusual Machines, Inc designs, manufactures, and sells ultra-low latency video goggles for drone pilots. It operates a drone-focused e-commerce marketplace. The company serves drone pilots, hobbyists, and recreational services. The company was formerly known as AerocarveUS Corporation and changed its name to Unusual Machines, Inc in July 2022.